Stock market today: The Indian benchmark indices, Sensex and , are likely to open on a weaker note on Thursday, as investor sentiment turned cautious after US President Donald Trump stated in an address that American forces would strike Iran “very hard” over the next two to three weeks.
Gift Nifty trends also point to a gap-down opening for the domestic markets, with the index trading around the 22,393 mark — trading down nearly 445 points over the previous close of Nifty futures.
“Indian equity are set to open on a cautiously optimistic note, attempting to build on the previous session’s rebound driven by easing geopolitical tensions in the Middle East and tentative signs of de-escalation in the U.S.–Iran conflict. The shift helped cool crude oil prices, offering immediate relief to global markets and lifting investor sentiment,” said Ponmudi R, CEO of Enrich Money.
Asian markets were trading higher, while US equities closed in positive territory overnight, driven by gains in heavyweight index stocks.
On Wednesday, the Indian stock market ended its two-day losing streak, posting strong gains. The Sensex surged 1,186.77 points, or 1.65%, to finish at 73,134.32, while the Nifty 50 rose 348.00 points, or 1.56%, to settle at 22,679.40.
Stocks to Watch
Amid backdrop of US-Iran war, these are likely to remain in focus on Thursday, April 2, 2026 —
Maruti Suzuki
Maruti Suzuki India reported a 17% year-on-year increase in total sales, reaching 2,25,251 units in March compared to 1,92,984 units in the corresponding month last year, as per a regulatory filing.
Indian Oil Corp
Indian Oil reported that its refineries recorded a historic high crude throughput of 75.4 MMT in FY26, while maintaining an operational reliability of 99.5%.
IndiGo
IndiGo announced that it will adjust fuel surcharges on both domestic and international flights for all new bookings made from 12:01 am on April 2, due to a sharp increase in aviation fuel prices.
Varun Beverages
The company, in an exchange filing, said it has set Wednesday, April 8, 2026, as the record date to identify shareholders eligible to receive the final dividend for the financial year ending December 31, 2025.
Lupin
The drugmaker announced that its subsidiary will acquire a 43.38% stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI) in a deal worth up to $39.6 million, as part of its strategy to expand its footprint in the Philippine market.
NMDC
The state-owned miner reported a significant increase in iron ore production and sales in March, with both output and dispatches posting robust year-on-year growth, as per the company’s provisional data.
Hero MotoCorp
The company has finalized the acquisition of 2,68,219 Series E cumulative compulsorily convertible preference shares of Euler Motors for ₹210 crore.
Glenmark Pharma
Glenmark Pharmaceuticals Inc., USA, has announced that it will take charge of the complete commercialization and distribution of Ryaltris (Olopatadine Hydrochloride and Mometasone Furoate) Nasal Spray, 665 mcg/25 mcg, in the United States, effective April 1.
Wipro
Nagendra Bandaru, currently serving as President and Managing Partner of Technology Services Global Business Lines (GBLs), has been named Chief Executive Officer of the AI-Native Business & Platforms unit.
Tata Power
Tata Power said in a regulatory filing that it has restarted operations at its 4,150 MW Mundra thermal power plant after being shut down for nearly nine months.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.